Site Mobile Navigation

BUSINESS DIGEST

The economy expanded at the robust pace of 4.8 percent in the final three months of 1992, the best quarterly performance in five years. Economists saw the strong fourth-quarter showing for gross domestic product as evidence of an economic surge. But the Administration still appears to be planning a stimulus. [ Page 35. ]

Alan Greenspan is suddenly popping up in the oddest places after two staid decades among the gray suits of Washington and Wall Street. Some think the Federal Reserve chairman is courting Presidential alliances to preserve the Fed's independence from intrusion by the Senate. [ 35. ] International

President Clinton, in a speech devoted to international economics and trade, said the United States must spend more than planned to bolster the economies of Russia and the other former Soviet republics. He endorsed George Bush's trade policies and demanded that foreign markets be opened further to American products. [ 1. ]

The President's strong endorsement of free trade is an attempt to reconcile the need for open international markets with his commitment to help industries at home. News Analysis. [ 6. ] Companies